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Define syncretism and discuss examples of it within South Asian Islam and Hinduism. Also, after reading this chapter how can you view Islam as a "plurality of traditions" (201) rather than as a single monolithic entity?
In production theory, what distinguishes the short run from the long run? Can these periods be defined in terms of specific lengths of time? Why?
Among which of the following U.S. policies and institutions may negatively influence U.S. long-run economic growth.
what is the expected NPV for this new machine over ten years? what is the probability of a positive NPV?
Research the stock market. What is a stock? What is a share? What is an exchange? Identify the various exchanges where stocks can be traded and discuss their similarities and differences (i.e. NYSE, NASDAQ). What types of companies are traded on each..
John and Peter both want to save some money. John decides to save $1,000 every year in an account that pays 4% interest per year compounded annually. How much will be in each person’s account at the end of 20 years, counting from when John started sa..
Public health information can be broadcast at a cost of $100. Public health information is a pure public good, in that many people can use the information simultaneously and preventing people from using the information is very difficult. At a price o..
What would the lading capacity of the banking system be after such a portfolio switch? How large would the money supply be if the banks fully utilized their lending capacity?
Explain, define and demonstrate the income and substitution effects of a fall in the price. Illustrate in a figure. explain, define and demonstrate the compensated and uncompensated demand curves. Illustrate in a figure
How did increased competition and excess capacity impact firms in consumer goods industry in late 19th century. Why were horizontal mergers attractive to these firms.
Why might these firms agree to form a cartel. If such a cartel is formed, use the prisoner's dilemma to explain why it may or may not survive.
Discribe the difference in economic profit between a competitive firm and a monopolist in both athe short and long run. Which should take longer to reach the long-run equilibrium?
Discuss the various ways federal, state, and local governments attempt to promote education as equality of opportunity. What are the some positives and negatives you see in the involvement of government in the education system?
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